faraday future
Two internal whistleblowers at Faraday Future claim the troubled EV company has been lying about some of the few sales it has announced to date. They also claim founder Jia…
Faraday Future avoids eviction at its LA headquarters — for now
Faraday Future has avoided getting evicted from its Los Angeles headquarters — for the time being. The troubled EV startup reached an agreement April 2 with its landlord, Rexford Industrial,…
Faraday Future survives long enough to issue its first recall
Troubled EV startup Faraday Future has issued its first recall, covering all 11 vehicles it built last year, as it fights to hold onto its Los Angeles headquarters. The recall…
Faraday Future in danger of losing LA headquarters for failing to pay rent
Struggling EV startup Faraday Future owes the landlord of its Los Angeles headquarters nearly $1 million after missing the last two months’ rent, TechCrunch has learned. The landlord, Rexford Industrial,…
Despite EV delivery delays, Faraday Future raises $90M to stay afloat
Faraday Future has managed to raise $90 million from existing investors to help it get its much-delayed FF 91 luxury electric SUV to production and delivery. Faraday’s investors will also…
Faraday Future is adding generative AI to its vaporware EV
Faraday Future is nearly out of cash and its long-delayed EV has yet to land in customers’ hands, which means this is the perfect time for the publicly traded company…
Faraday Future on track to start production of FF 91 this month if funds come through
Faraday Future said Wednesday it plans to start production of its all-electric FF 91 Futurist SUV at the end of March after years of delay, lack of capital and internal…
Faraday Future, the troubled EV startup-turned-publicly-traded company, has shuffled its executive ranks once again. The board fired its CEO Carsten Breitfeld, according to a regulatory filing posted Monday after the…
Faraday Future warns it may not be able to deliver its luxury EV
Electric vehicle startup-gone-SPAC Faraday Future has raised a going concern warning, per regulatory filings. The company said it has substantial doubt as to whether it would be able to continue…
Faraday Future gets a lifeline to raise up to $350 million
Moribund EV startup Faraday Future could receive up to a $350 million lifeline to help launch its first vehicle, according to a regulatory filing. The company said Monday it has…
Faraday Future raises $100 million to help launch flagship FF 91
Faraday Future said it has secured up to $100 million in funding as the struggling EV startup tries to launch its long-delayed first model, the FF 91. The near-term funding…
Two EV manufacturers are seeking cash infusions this week to bring their delayed vehicles to market. Nikola, a Phoenix-based electric truck maker, said in a securities filing Tuesday that it…
Faraday Future seeks to raise capital after massive Q2 loss
Faraday Future, maker of the long-delayed FF91 EV, re-upped its commitment to raising funds while reporting Tuesday that its second-quarter operating losses more than quadrupled. The company posted an operating…
Polestar is launching an EV roadster in 2026 called the Polestar 6
Electric vehicle maker Polestar said Tuesday that it is expanding its lineup to include an 884-horsepower hard-top convertible with recycled polyester upholstery. The Polestar 6 electric performance roadster will go…
Faraday’s future on shaky ground as EV production delayed again
Faraday Future has delayed production of its FF91 flagship electric vehicle due to lack of money and supply chain issues, the company said in a regulatory filing. The troubled EV…
Polestar, the electric vehicle maker that made its Nasdaq debut in June, said Wednesday it is on track to meet its annual sales target. For the first half of 2022,…
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Can Polestar succeed where other EV maker SPACs have failed?
Polestar is the latest EV maker to hurry to the stock exchange by merging with a special purpose acquisition company, or SPAC, before becoming profitable.
Commercial EV maker Electric Last Mile Solutions said Monday that it will file for bankruptcy, the first among a spate of troubled EV manufacturer SPACs to go out of business.…
Amid an investigation by the Securities and Exchange Commission into inaccurate statements to investors, Faraday Future has received a preliminary request for information from the U.S. Department of Justice. The…
Faraday Future says it plans to open a Chinese factory by mid-decade
Faraday Future said Wednesday during an investor presentation that it plans to open a factory in China as early as 2025, even as it faces a shortage of capital and…
It’s been a bumpy road for the electric vehicle startups that rushed to go public over the past two years by merging with a publicly traded shell company. Now, the…
Chinese fuel cell maker eyeing SPAC deal for $1B US listing
The deal comes at a time when companies that took the SPAC route are facing increasing regulatory scrutiny in the U.S.
Hype, hope and money: Your guide to all the EV SPAC investigations going on
If 2020 and 2021 were the years of the SPAC, 2022 is shaping up to be the year of the reprimand.
Faraday Future demotes founder as management shakeup continues
Faraday Future, the troubled EV startup turned publicly traded company, has taken more disciplinary action as part of its now concluded internal investigation, including removing founder and former CEO Yueting…
Why EV startups should’ve hit the brakes before merging with a SPAC
The blank-check boom that made real many electric vehicle manufacturers’ dreams of going public may be nearing a close.
Daily Crunch: Intel will reportedly buy cloud-optimization startup Granulate for $650M
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
SEC investigates Faraday Future as regulatory crackdown on EV SPACs continues
Several executives at EV company Faraday Future have been subpoenaed by the U.S. Securities and Exchange Commission as part of an investigation into inaccurate statements made to investors, according to…
EV SPAC Faraday Future is restructuring leadership following review of inaccurate statements to investors
Faraday Future is revamping its board, cutting the pay of two top executives and suspending at least one other, following an internal investigation that determined employees made inaccurate statements to…
Faraday Future, the electric vehicle startup with a messy and complicated past, is planning to go public through a special purchase acquisition company (SPAC) deal. The company’s chief executive Carsten…
Faraday Future has yet to produce a production vehicle. The company burst out of nowhere in 2015 with wild claims of upsetting the electric vehicle market ruled by Tesla. That…
